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Its 100-strong electric fleet made three million deliveries across London last year.

The value of the transaction is not disclosed and all 70 Gnewt Cargo staff will transfer over to Menzies Distribution.

Edinburgh-based Logistics group John Menzies said the transaction supports its diversification strategy for the Menzies Distribution arm, which until recently was earmarked for sale to distribution firm DX Group.

Menzies said its diversification strategy for Menzies Distribution is to extend its “neutral parcel consolidation services across the UK and Ireland”.